Had some issues with the upstairs bedrooms (configurations were odd) and the converted garage and yard (had a pool with a huge piece of junk deck).I got it for 62k, put in 16k in rehab plus another 7k in closing costs and hard money lender fees.

He is a regular contributor to the main blog and has extensive experience in that market and wrote a really nice piece recently on unsustainable wholesaling.

Many investors have scoffed at this, but the GC on my current rehab just underwent an EPA audit to examine his records of "lead safe" practices in work he has performed recently.

I figured that was because the first was confident they were covered and the 2nd was scrambling to make sure they got their piece, and to make sure the court knew their piece was 569K, not 390K.But I was looking for that one smoking gun that should have told me, yes this auction is definitely for the second mortgage ...or even yes, this auction is definitely NOT on the first mortgage.

If you want a lasting repair, your best bet is to cut out a section of the drywall and put in a new piece that spans a few studs on each side of the crack.Cost: patch job should be $30 to $50, or more depending on your negotiating.Cutting out a large section and putting in a new piece would probably be $150-$250.The wall texture will also determine how good the finished product blends and how long it will take.

Of the 3 calls I generated from our test mailing of 274 pieces, 1 was a duplex with renters in it, the other was a condo with a renter in it, and the third was a SFR with a primary owner in it.

The best piece of advise I can give is to stay active on the site and forums, you will learn so much more by engaging the community.

Can you elaborate on the student housing piece?

We don't work for free.Most managing brokers will not allow a RE agent to wholesale for the simple fact that you have all the benefits of being licensed and the managing broker does not get a piece of the transaction (some managing broker's get upto 50% of their agents' transactions).

I can pay the $35k and rehab it when I could just get a different property altogether for less or I spend another $8k to demo the existing property and clear the lot and end up with a piece of land that probably has no value (if houses in that area are worth $25k).